Canadian Oil Sands Reports Syncrude Coker Outage

Canadian Oil Sands Reports Syncrude Coker Outage 
CALGARY, ALBERTA -- (Marketwired) -- 04/24/14 --   Canadian Oil Sands
Limited ("COS") (TSX: COS) today announced that Syncrude has begun
unplanned maintenance work on Coker 8-1. It is expected that this
maintenance work will overlap the turnaround of Coker 8-2 scheduled
for the second quarter. COS has revised its estimate for the annual
Syncrude production range to 95 to 105 million barrels with a single
point estimate of 100 million barrels for 2014. This equates to 35 to
38.6 million barrels with a single point estimate of 36.7 million
barrels, net to COS. 
COS will provide revised guidance for 2014 concurrent with the
release of its first quarter results on April 30, 2014. 
Canadian Oil Sands Limited 
Canadian Oil Sands is a pure investment opportunity in light, sweet
crude oil. Through our 36.74% interest in the Syncrude Project, we
offer a solid, robust production stream of fully upgraded crude oil,
potential growth through high-quality oil sands leases and an
attractive dividend. For more information please visit our web site
the Corporation's shareholders and potential investors with
information regarding the Corporation, including management's
assessment of the Corporation's annual production and cost estimates,
this press release contains "forward-looking information" under
applicable securities law. Forward-looking statements are typically
identified by words such as "anticipate", "expect", "believe",
"plan", "intend" or similar words suggesting future outcomes.
Forward-looking statements in this press release include statements
with respect to: the expectation regarding the timing and maintenance
on both Coker 8-1 and Coker 8-2; and, the expectations regarding the
annual Syncrude forecasted production range of 95 to 105 million
barrels (35 to 38.6 million barrels net to COS) in 2014 with the
annual Syncrude forecasted single point production estimate of 100
million barrels in 2014 (36.7 million barrels net to COS). You are
cautioned not to place undue reliance on forward-looking statements,
as there can be no assurance that the plans, intentions or
expectations upon which they are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that
contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur.
Although the Corporation believes that the expectations represented
by such forward-looking statements are reasonable and reflect the
current views of the Corporation with respect to future events, there
can be no assurance that such assumptions and expectations will prove
to be correct. 
The factors or assumptions on which the forward-looking information
is based include, but are not limited to: assumptions on labour
productivity at Syncrude as well as those assumptions outlined in the
Corporation's annual disclosure documents and its guidance document,
as subsequently amended or replaced from time to time, including
without limitation, the assumptions as to production, operating
expenses and oil prices. Some of the risks and other factors which
could cause actual results to differ materially from current
expectations expressed in this press release include, but are not
limited to, the occurrence of unexpected events such as fires,
blowouts, equipment failures and other similar events, skilled labour
shortages or material shortages and the unsuccessful or untimely
implementation of maintenance projects. You are cautioned that the
foregoing list of important factors is not exhaustive. The
forward-looking statements contained in this press release are
expressly qualified by this cautionary statement. 
Canadian Oil Sands Limited
Siren Fisekci
, VP, Investor & Corporate Relations 
Canadian Oil Sands Limited
Scott Arnold
Director, Sustainability & External Relations
(403) 218-6220
Press spacebar to pause and continue. Press esc to stop.